Signet Financial Management LLC Sells 719 Shares of Accenture PLC $ACN

Signet Financial Management LLC cut its holdings in shares of Accenture PLC (NYSE:ACN) by 27.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,919 shares of the information technology services provider’s stock after selling 719 shares during the quarter. Signet Financial Management LLC’s holdings in Accenture were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Accenture by 5.7% during the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock valued at $19,912,594,000 after purchasing an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Accenture by 63.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock valued at $2,793,889,000 after purchasing an additional 3,490,569 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock worth $2,111,378,000 after buying an additional 228,939 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Accenture by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock worth $1,923,225,000 after buying an additional 126,548 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Accenture by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock worth $1,600,470,000 after buying an additional 164,573 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ACN shares. Benchmark reissued a “mixed” rating on shares of Accenture in a report on Friday, June 20th. HSBC started coverage on shares of Accenture in a report on Monday, July 28th. They issued a “reduce” rating and a $240.00 price target on the stock. Morgan Stanley lowered their price target on shares of Accenture from $325.00 to $271.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Wolfe Research lowered their price target on shares of Accenture from $290.00 to $285.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Robert W. Baird lowered their target price on shares of Accenture from $372.00 to $350.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.83.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 2,251 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.45, for a total value of $635,794.95. Following the transaction, the chief executive officer owned 8,109 shares in the company, valued at approximately $2,290,387.05. This trade represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $141,170.00. Following the completion of the transaction, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,954 shares of company stock worth $834,280. Insiders own 0.02% of the company’s stock.

Accenture Stock Down 2.9%

Shares of NYSE ACN opened at $232.20 on Friday. Accenture PLC has a one year low of $229.40 and a one year high of $398.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50 day simple moving average is $254.28 and its two-hundred day simple moving average is $286.89. The stock has a market capitalization of $145.43 billion, a P/E ratio of 18.49, a PEG ratio of 2.06 and a beta of 1.29.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 25th. The information technology services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.05. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $17.34 billion. During the same period last year, the business earned $2.66 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Accenture has set its FY 2026 guidance at 13.190-13.570 EPS. Q1 2026 guidance at EPS. As a group, analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a $1.63 dividend. This is a positive change from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 10th. Accenture’s dividend payout ratio (DPR) is 47.13%.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.